-The Indian Express The Punjab government claims that if the earnings of these boards are stopped, the state will find it difficult to maintain over 31,000-km of rural link roads as well as farmers’ welfare schemes, including the Debt Relief scheme. Jalandhar: The implementation of Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, which removes restrictions on farmers selling agri-produce outside the notified Agriculture Produce Market Committee (APMC) yards, has not...
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The Indian Economy on The Verge Of Collapse -Prabhat Patnaik
-Networkideas.org The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even this is an underestimate of the actual contraction brought about by the lockdown. In fact, a former chief statistician of India, Pronab Sen, believes that the actual contraction would have been about 32 per...
More »Over three-fourth of workers lost their livelihoods since lockdown, finds ActionAid India's national survey of informal labourers
ActionAid Association's (AAA) national level survey among people dependent on the informal economy during the third phase of the national lockdown towards the end of May 2020 (i.e. between May 14th and May 22nd, 2020) has documented the "nature and extent of the transitions in the lives and livelihoods of informal workers, including migrant workers, during the pandemic and provide[s] an insight into the precarity they experience and the coping...
More »Over three-fourth of workers lost livelihoods since lockdown, finds a national survey of informal workers conducted by ActionAid India
-Press release by ActionAid India dated 13th August, 2020 Out of 11,537 respondents, over three-fourths reported that they had lost their livelihood since the imposition of the lockdown. Close to half of the respondents said that they had not received any income, and about 17 per cent had received only partial wages. Approximately 53 per cent said that they had incurred additional debt during the lockdown. More than half of the...
More »Coronavirus relief package: Why banking on fiscally conservative policies is imprudent -Pranab Bardhan
-Scroll.in Fiscally austere policies will only serve to further escalate the revenue shortfall and debt problems. Several economists and businessmen have expressed their disappointment with the contents of the financial package announced by the government to face the unprecedented economic crisis brought about by the Covid-19-induced lockdown, the suddenness and severity of which had itself surprised many epidemiologists. The callousness toward the migrants and lack of immediate preparation to send them back –...
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